Chapter 13 Bankruptcy Lawyer Largo, Maryland

Chapter 13 Bankruptcy

4 Extra Advantages in
Chapter 13 Bankruptcy

Also referred to as a repayment plan, a  Chapter 13 Bankruptcy allows an individual time to reorganize their affairs while under the protection of the bankruptcy court so that they can pay off their debts in a manner that can be accommodated by their resources and income.

  1. Save Your House
  2. Save Your Car
  3. Reorganize Debts
  4. Increase Credit Score
A Chapter 13 bankruptcy allows individuals with a regular source of income to chalk out a plan that allows then to repay all their debts within a period of three to five years. Creditors are not allowed to make any collection efforts during this period.
It also allows the debtor to protect some or all of their assets depending upon the details of their situation.
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To understand how best to manange your assets when filing for a Chapter 13 bankruptcy contact us.

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